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Globetouch Acquires Teramatrix Technologies

Globetouch Inc., a leading provider of global connectivity solutions and IoT platforms, announced the acquisition of Teramatrix Technologies Ltd. Globetouch will leverage and integrate the Teramatrix xFusion platform to create high value IoT applications that support Connected Cars, Autonomous Driving, predictive maintenance and edge intelligence.

The acquisition complements Globetouch’s existing global connectivity suite and IoT platform which manages the intersection of big data, machine learning and autonomous systems for some of the world’s largest enterprise customers. The addition provides value for both Globetouch and Teramatrix customers and their IoT eco-system partners.

Globetouch has built a pioneering, virtual and collaborative ecosystem of network operators, and provides global connectivity services that can be fully managed through its IoT platform. Its innovative approach to IoT connectivity powers business opportunities and enables enterprises, operators, OTT providers, device distributors and OEMs to create valuable new revenue streams.

“This move provides greater opportunity for our customers to scale, expand and grow their businesses in IoT as they reach out into new markets and geographies,” said Utkarsh Jain, CEO of Teramatrix Technologies.

About Globetouch
Globetouch is a leader in global connectivity services and IoT platform that is pioneering a new model for a connected world. By building a unique, virtual, collaborative ecosystem of network operators Globetouch supports the mobile consumer and all business verticals across the entire spectrum of connectivity including, mobile operators, M2M service providers, MVNOs, OTT providers, connected devices OEMs, device distributors and enterprises. To learn more visit: www.globetouch.com

About Teramatrix
Teramatrix is a young and highly motivated team with proven track record in field of Automotive, Telecom, Manufacturing, Utilities and Logistics. Teramatrix has developed xFusion, an IOT software platform that helps data driven companies in realizing the true impact of connecting with their fixed or mobile infrastructure and analyzing the massive data streams emanating from them resulting in greater customer satisfaction, operational efficiency and revenues.